Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Australia - 2023
Contents:
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Australia (CIF) - 2022
- Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Australia (FOB) - 2022
- Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Australia
- Exports of Tanning Extracts of Vegetable Origin; Wattle Extract in Australia
Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Australia (CIF) - 2022
The average import price for tanning extracts of vegetable origin; wattle extracts stood at $2,419 per ton in 2022, rising by 28% against the previous year. Overall, the import price showed resilient growth. The pace of growth appeared the most rapid in 2019 an increase of 50%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($3,184 per ton), while the price for Brazil totaled $2,139 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tanning Extracts of Vegetable Origin; Wattle Extract in Australia (FOB) - 2022
In 2022, the average export price for tanning extracts of vegetable origin; wattle extracts amounted to $36,562 per ton, increasing by 595% against the previous year. In general, the export price recorded significant growth. The pace of growth was the most pronounced in 2020 an increase of 1,996%. As a result, the export price reached the peak level of $146,611 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Indonesia.
From 2012 to 2022, the rate of growth in terms of prices for the Philippines amounted to +6.2% per year.
Imports of Tanning Extracts of Vegetable Origin; Wattle Extract in Australia
In 2022, approx. 45 tons of tanning extracts of vegetable origin; wattle extracts were imported into Australia; declining by -66.2% compared with 2021 figures. Overall, imports continue to indicate a dramatic slump. The pace of growth was the most pronounced in 2021 when imports increased by 114%. As a result, imports reached the peak of 134 tons, and then declined markedly in the following year.
In value terms, imports of tanning extracts of vegetable origin; wattle extracts shrank significantly to $109K in 2022. Over the period under review, imports saw a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of 96%. As a result, imports attained the peak of $253K, and then declined sharply in the following year.
| Import of Tanning Extracts of Vegetable Origin; Wattle Extract in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 87.4 | 59.5 | 125 | 70.8 | -6.8% |
| Italy | 2.3 | 39.3 | 33.8 | 37.2 | 152.9% |
| South Africa | 69.2 | 30.3 | 94.9 | N/A | 17.1% |
| Others | N/A | N/A | N/A | 1.4 | 0% |
| Total | 159 | 129 | 253 | 109 | -11.8% |
Top Suppliers of Tanning Extracts of Vegetable Origin; Wattle Extract to Australia in 2022:
- Brazil (33.1 tons)
- Italy (11.7 tons)
Exports of Tanning Extracts of Vegetable Origin; Wattle Extract in Australia
Exports of tanning extracts of vegetable origin; wattle extracts from Australia reduced remarkably to 105 kg in 2022, waning by -94.8% against the previous year's figure. Overall, exports recorded a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 11,011% against the previous year.
In value terms, exports of tanning extracts of vegetable origin; wattle extracts fell rapidly to $3.8K in 2022. In general, exports continue to indicate a precipitous contraction. The growth pace was the most rapid in 2021 with an increase of 299% against the previous year.
| Export of Tanning Extracts of Vegetable Origin; Wattle Extract in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | N/A | 2.6 | N/A | 3.8 | 20.9% |
| Philippines | 12.1 | N/A | 10.5 | N/A | -6.8% |
| Others | 2.0 | N/A | N/A | N/A | 0% |
| Total | 14.1 | 2.6 | 10.5 | 3.8 | -35.4% |
Top Export Markets for Tanning Extracts of Vegetable Origin; Wattle Extract from Australia in 2022:
- Indonesia (105.0 kg)
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